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FWRD

Trading of Forward Air shares has resumed.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:30 pm

BTCUSD

COMPUSD

ETHUSD

LTCUSD

XLMUSD

Bitcoin and Ethereum traded lower but remained above key levels of $29,000 and $1,900 respectively. The global crypto market cap fell to $1.16 trillion, a 24-hour decline of 1.6%. XDC Network was the top gainer while Compound was the biggest loser. Other notable losers included Sui, Litecoin, Stellar, and Bitcoin SV.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 1:30 pm

ELIQ

Shares of Electriq Power were halted due to a circuit breaker triggered by a significant upward price movement.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:30 pm

NEON

Shares of Neonode Inc. (NEON) were halted on a circuit breaker to the downside, with the stock now down by 32.1%.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:30 pm

PLSH

Panacea Life Sciences Holdings, Inc. (OTCQB:PLSH) intends to acquire Sierra Sage Herbs and Halucenex from Melodial Global Health. Sierra Sage has a wide distribution network across the US, including Whole Foods, Walmart, Amazon, and others. Halucenex is a life sciences development company focusing on researching novel psychedelic compounds. The acquisition will be based on 1X trailing 12 months audited sales of Sierra Sage, with a projected $2.0 million of the purchase price payable in cash and the balance in restricted common stock.

Portfolio Pulse from Vuk Zdinjak

August 04, 2023 | 1:30 pm

ELOX

Eloxx Pharmaceuticals has been granted an extension by Nasdaq to regain compliance with the market value of listed securities continued listing requirement.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:30 pm

SPY

Federal Reserve's Barkin stated that inflation remains too high and further economic slowing is almost surely on the horizon. Despite being weaker, consumer spending is far from weak. The Fed's efforts to address inflation have pushed several industries into mini-recessions.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:29 pm

SHAK

Shake Shack Inc reported Q2 FY23 sales growth of 17.8% to $271.80 million, missing the analyst consensus of $274.40 million. System-wide sales grew 21.2%, and Same-Shack sales climbed 3%. The company held $295.2 million in cash and equivalents. It opened 23 new Shacks, including locations in Thailand and China. Adjusted pro forma EPS was $0.18 for the quarter, beating the consensus of $0.09. SHAK shares are trading lower by 3.51%.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 1:29 pm

TRC

Tejon Ranch (TRC) anticipates higher than normal almond inventory levels for FY23, which is expected to negatively impact selling prices for the remainder of 2023.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:29 pm

FOUR

Shift4 Payments, Inc (NYSE:FOUR) reported Q2 FY23 gross revenue growth of 26% YoY to $637 million, beating the consensus of $630.97 million. Adjusted EPS of $0.74 also beat the consensus of $0.51. The company raised its FY23 gross revenue guidance to $2.60 billion - $2.70 billion. FOUR shares traded higher by 3.54% at $66.02 premarket on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 1:28 pm